Transcripts:
This week in the parish of bourses and market structure:
T + 1, not yet even “Coming Soon”.
My name is Patrick L. Young.
Welcome to the bourse business weekly digest.
It’s the Exchange Invest Weekly Podcast Episode 124.
Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the week in market structure. All the analysis of the many events of the course of the last seven days and those happenings and analysis thereof can be found in Exchange Invest’s daily subscriber newsletter, the unique guide to the bourse business sent daily to your inbox.
More details at ExchangeInvest.com.
So, a vast array of acronyms, SIFMA, ICI and DTCC have laid out the path to shorten the US Securities Settlement Cycle. In other words, we’re looking at T+1 within T+943 days.
In new markets this week, it was a busy week for new markets in the parish. All the information was in Exchange Invest daily, the newsletter no person can afford to be without in capital markets and market structure. For the sake of this podcast, let’s look at one edited highlight.
NG Clearing is set to launch and indeed has launched by the time we listen to this podcast on December 9th. The launch of NG Clearing proceeds the trading of the first exchange-traded derivatives in the Nigerian Capital market. Exciting times in Abuja.
In deal news this week: IG Group is selling two of their trading platforms in the United States of America, Nadex and Small Exchange for $216 million to Crypto.com.
The Bahrain bourse is planning to list their Bahrain Exchange next year.
Coinbase has acquired the Wallet Firm BRD and also bought Unbound Security in Israel.
Fascinatingly, the London Stock Exchange Group despite currently suffering indigestion from its acquisition of Refinitiv, paid $340 million this week to acquire Quantile Group at an exotic multiple for the business chaired by a recently retired member of the Board of LSEG itself.
Elsewhere, the EBRD they’re considering increasing their equity stake or at least buying more shares as the Zagreb Stock Exchange goes through a capital raising leaving the EBRD probably holding still around about 5% in the Croatian bourse.
Don’t forget ladies and gentlemen use and still pick up a copy of “Victory or Death”
